Scottish Mortgage (SMT) has announced that its board has taken the decision to make at least £1bn available for buybacks over the next two years. The trust says that its public and private portfolio is delivering strong operational results, with free cashflow from the portfolio companies having more than doubled over the past year, and […]
In QuotedData’s morning briefing 15 March 2024: Digital 9 Infrastructure (DGI9) has announced that its much publicised sale of Verne Global to funds managed by Ardian France SA for up to US$575m (approximately £450m) has completed. The sale price is variable as there is an earn out feature built in that could enhance the price […]
BlackRock World Mining (BRWM) has released its annual results for the year ended 31 December 2023, during which it provided NAV and share price total returns of -6.2% and -10.4% respectively. In comparison, it says that its reference index, the MSCI ACWI Metals & Mining 30% Buffer 10/40 Index (net total return), returned +2.4%, the […]
F&C Investment Trust (FCIT) has announced its results for the year ended 31 December 2023, during which it provided NAV and share price total returns of 11.3% and 8.1% respectively, both underperforming its All-Share benchmark, which it says returned 15.1%. 2023 was a good year for global equity markets after significant losses during 2022 and, […]
Although spot power prices have softened recently and despite irradiation levels some 13% below those experienced in the second half of the prior year, Bluefield Solar Income Fund’s (BSIF’s) interim results for the six months to 31 December 2023 are strong with BSIF benefiting from its adviser’s strategy of fixing prices up to 36 months […]
The Renewables Infrastructure Group (TRIG) has announced its annual results for the year ended 31 December 2023, which marks ten years since the company’s launch in 2013. Richard Morse, the company’s chairman, says that the underlying performance is strong, cash generation has never been healthier and the managers have been working hard to create additional […]
HICL Infrastructure (HICL) has announced that it has disposed of Northwest Parkway and the launch of £50m share buyback programme. Underpinning the validity of its NAV, the net proceeds of the sale of Northwest Parkway to VINCU Highways SAS, of around US$232m, represents a circa 30% premium to HICL’s most recent valuation (30 September 2023). […]
Harmony Energy Income Trust (HEIT) has announced its annual results for the year ended 31 October 2023. HEIT says that this period saw significant delivery and achievement of its goals and other targets set out at IPO, particularly in relation to delivery of projects through construction and commencing operations, but conditions in the energy storage […]
Apax Global Alpha (AGA) has announced that the Apax Global Impact Fund (AGI), in which AGA is a limited partner, has agreed to acquire a controlling stake in Integrated Environmental Solutions, which AGA describes as a leader in providing software to optimise a building’s energy use. AGA is investing approximately €5.1m on a look-through basis. […]
Volta Finance (VTA) has agreed an alteration of the fee structure with its investment manager, AXA Investment Managers Paris as part of an amended and restated investment management agreement that takes effect from 31 March 2024. Under the revised arrangements, the manager will be entitled to receive a management fee equal to the aggregate of: […]
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